FOREX-Dollar falls on news of US duties on Chinese paper
(Updates with market reaction to tariff news)
NEW YORK, March 30 (Reuters) - The dollar turned lower on Friday after the U.S. government said it will impose duties on imports of coated paper from China, traders said.
The move reversed a decades-old policy of not applying duties to subsidized goods from "non-market economies," a Commerce Department official said.
The dollar fell 0.4 percent against the yen to 117.56 yen JPY=. The euro EUR= rose 0.4 percent as well against the dollar to $1.3377.
- Tweet this
- Link this
- Share this
- Digg this
- Reprints
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.
Follow Reuters